23rd January 2026 Update:
Following publication of the Circular outlining the proposed scheme of reconstruction on 22 January (https://www.smithson.co.uk/news/2025/6538-smithson-investment-trust-restructure-proposals/), the following notice has been updated to include the launch date of Smithson Equity Fund (2 March 2026) and the relevant share class identifiers.
Further to the restructure proposal announced by Smithson Investment Trust plc on 12 November 2025 (https://www.smithson.co.uk/news/2025/6538-smithson-investment-trust-restructure-proposals/), We are contacting you to prepare for the expected launch of the new OEIC, Smithson Equity Fund on the 2 March 2026.
The restructure proposal describes the proposed rollover of Smithson Investment Trust plc’s assets into Smithson Equity Fund, implemented via a scheme of reconstruction and voluntary winding up of Smithson Investment Trust plc under Section 110 of the Insolvency Act 1986 (the "Scheme").
Given the likely timetable, it is imperative that we commence your account setup to allow you to hold and trade the shares of Smithson Equity Fund ahead of the circular, which will detail the Scheme and which will give notice of the general meetings at which Smithson Investment Trust plc shareholders will vote on the proposals, being issued.
Key details of the new OEIC (Smithson Equity Fund):
|
Fund Name |
Sedol |
ISIN |
|
Smithson Equity Fund S Class Acc |
BLBNK48 |
GB00BLBNK482 |
Contact Details
Contact details to be used from the 2 March 2026 of Smithson Equity Fund can be found here
|
The postal address will be: Fundsmith |
The courier address will be: Fundsmith |
Account information
If you are currently a holder of Smithson Investment Trust plc, we will be completing a de-duplication exercise to identify if you have existing accounts (unitholder numbers) on the registers of the Fundsmith Equity Fund or Fundsmith Stewardship Fund which are maintained by us.
If you currently hold Fundsmith Equity Fund or Fundsmith Stewardship Fund
You will receive a separate communication confirming details of any matching unitholder numbers. If you have any issues, or questions please let us know before 30th January 2026.
If you do not currently hold Fundsmith Equity Fund or Fundsmith Stewardship Fund
You will be receiving a new unitholder number. Details of your new unitholder number and agent code will be communicated via email. These should be used from the 2 March 2026 of Smithson Equity Fund.
Once we issue you your new unitholder number, you will need to complete and send the coverall form located here to the above address or upload it via: Secure Distributor Portal
The new unitholder number and agent code will need to be linked to the Secure Distributor Portal in order to receive reports. To arrange this please complete a linking form, which is available here
New unitholder numbers will be circulated approximately three weeks before the launch date of Smithson Equity Fund. Linking forms need to be submitted to us within 1 week of us issuing your new unitholder number.
Please note, any linking forms not received in good order within 1 week of us issuing the new unitholder number will not have online reporting available on launch. Guidance on how to complete the forms can be found on the link above.
Trading information
The transaction type Re-registration will be used to transfer your holdings
Trading will commence from 8am on the 2 March 2026. It’s important to ensure trades submitted from this point quote your new unitholder number and agent details. Agent codes are mandatory for Calastone and EMX trading.
The EMX participant and product details to use from the launch date and time are shown below.
EMX Participant ID: FDSTH
EMX Product code: 000001
Before commencing EMX trading your agent code must be linked to your EMX participant ID. Please complete the 'EMX Agent Linking' spreadsheet available here.
Calastone connection details will remain the same, if you don’t have an existing connection, please refer to Calastone directly to set up connectivity with Fundsmith LLP.
Fax trading from the 2 March 2026 is to be submitted to the fax number available here
Electronic re-registration and STP conversions
The connection details to use from the 2 March 2026 are below:
Business Entity BIC – ALUSGB21FDS
BIC 8 – ALUSGB2L
BIC 11 – ALUSGB2LXXX
SWIFT DN – ou=fds,ou=atgfunds2,o=alusgb2l,o=swift
Bank details
The bank details to be used for all investment trades placed from the 2 March 2026 are below:
|
Full Name of Account |
Account Number |
Sort Code |
Bank |
Swift/BIC |
IBAN Number |
|
Fundsmith LLP Client Money Receipts Account |
39569128 |
60-00-01 |
Natwest |
NWBKGB2L |
GB42NWBK60000139569128 |